IRIS Accounts Production v23.4.0.336 02688071 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026880712022-06-30026880712023-06-30026880712022-07-012023-06-30026880712021-06-30026880712021-07-012022-06-30026880712022-06-3002688071ns15:EnglandWales2022-07-012023-06-3002688071ns14:PoundSterling2022-07-012023-06-3002688071ns10:Director12022-07-012023-06-3002688071ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002688071ns10:SmallEntities2022-07-012023-06-3002688071ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002688071ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002688071ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3002688071ns10:FullAccounts2022-07-012023-06-3002688071ns10:Director22022-07-012023-06-3002688071ns10:RegisteredOffice2022-07-012023-06-3002688071ns5:CurrentFinancialInstruments2023-06-3002688071ns5:CurrentFinancialInstruments2022-06-3002688071ns5:Non-currentFinancialInstruments2023-06-3002688071ns5:Non-currentFinancialInstruments2022-06-3002688071ns5:ShareCapital2023-06-3002688071ns5:ShareCapital2022-06-3002688071ns5:RetainedEarningsAccumulatedLosses2023-06-3002688071ns5:RetainedEarningsAccumulatedLosses2022-06-3002688071ns5:PlantMachinery2022-07-012023-06-3002688071ns5:FurnitureFittings2022-07-012023-06-3002688071ns5:ComputerEquipment2022-07-012023-06-3002688071ns5:PlantMachinery2022-06-3002688071ns5:FurnitureFittings2022-06-3002688071ns5:ComputerEquipment2022-06-3002688071ns5:PlantMachinery2023-06-3002688071ns5:FurnitureFittings2023-06-3002688071ns5:ComputerEquipment2023-06-3002688071ns5:PlantMachinery2022-06-3002688071ns5:FurnitureFittings2022-06-3002688071ns5:ComputerEquipment2022-06-3002688071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002688071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002688071ns5:CurrentFinancialInstruments2022-07-012023-06-30
REGISTERED NUMBER: 02688071 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

WINSTER LIMITED

WINSTER LIMITED (REGISTERED NUMBER: 02688071)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINSTER LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R W Wheatley
Miss V Gardner





REGISTERED OFFICE: Units 36/37 PDH Industrial Estate
Neachells Lane
Willenhall
West Midlands
WV13 3SF





REGISTERED NUMBER: 02688071 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

WINSTER LIMITED (REGISTERED NUMBER: 02688071)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,098 9,310

CURRENT ASSETS
Stocks 5 645,803 594,477
Debtors 6 644,733 470,533
Cash at bank 20,128 53,770
1,310,664 1,118,780
CREDITORS
Amounts falling due within one year 7 736,896 544,766
NET CURRENT ASSETS 573,768 574,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,866

583,324

CREDITORS
Amounts falling due after more than one
year

8

(24,185

)

(33,831

)

PROVISIONS FOR LIABILITIES (840 ) (1,769 )
NET ASSETS 552,841 547,724

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 551,841 546,724
SHAREHOLDERS' FUNDS 552,841 547,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WINSTER LIMITED (REGISTERED NUMBER: 02688071)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Miss V Gardner - Director


WINSTER LIMITED (REGISTERED NUMBER: 02688071)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Winster Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

WINSTER LIMITED (REGISTERED NUMBER: 02688071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 49,741 1,985 98,002 149,728
DEPRECIATION
At 1 July 2022 45,924 915 93,579 140,418
Charge for year 629 160 4,423 5,212
At 30 June 2023 46,553 1,075 98,002 145,630
NET BOOK VALUE
At 30 June 2023 3,188 910 - 4,098
At 30 June 2022 3,817 1,070 4,423 9,310

5. STOCKS
30.6.23 30.6.22
£    £   
Finished goods 645,803 594,477

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 616,710 445,221
Other debtors 28,023 25,312
644,733 470,533

All debtors are due within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 143,440 94,899
Trade creditors 129,004 96,932
Taxation and social security 57,928 55,445
Other creditors 406,524 297,490
736,896 544,766

All creditors are payable within one year and have therefore not been discounted.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 24,185 33,831

WINSTER LIMITED (REGISTERED NUMBER: 02688071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. SECURED DEBTS

HSBC Invoice Finance Limited hold security over the trade debtors in note 8 amounting to £445,221 (£478,926 - 2021) for the invoices discounted. Net amount of £256,754 (£174,403 - 2021) was outstanding to HSBC Invoice Finance Limited at the year end.